Aberdeen Reports Shareholders' Equity of $1.33 per Share and Third Quarter Financial Results

12/16/2010

TORONTO, ONTARIO -- (MARKET WIRE) -- 12/16/10 --
ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX: AAB) is pleased to announce that it has released its financial results for the third fiscal quarter of 2011, ending October 31, 2010. For more information please see the Company's quarterly financial statements and Management's Discussion and Analysis ("MD&A") posted on SEDAR at www.sedar.com.

As at October 31, 2010, Aberdeen's Shareholders' Equity (or Net Asset Value, "NAV") was $115.5 million, or $1.33 per share. Aberdeen's shareholders' equity increased by $17.5 MM from $98.0 million at the end of Q2 2011. The increase in shareholders' equity was due largely to exceptional performance of Aberdeen's investment portfolio in the third quarter, which increased in value by 40% (see press release of November 9, 2010). The Company enjoyed very good market performance for small capitalization mining and resource stocks which make of the bulk of its investment portfolio. In addition several holdings enjoyed exceptional company-specific gains during the quarter, in particular Sulliden Gold (TSX: SUE), Avion Gold (TSX VENTURE: AVR), Belo Sun (TSX VENTURE: BSX), Crocodile Gold (TSX: CRK) and Apogee Minerals (TSX VENTURE: APE). On a year-over-year basis, Aberdeen's shareholders' equity increased by $21.1 million or 22.3%. Note that the reference to shareholders' equity is similar to previous references to Net Asset Value or "NAV" by Aberdeen.

Aberdeen reported net earnings of $17.7 million or $0.21 per share for the third quarter from total revenue of $25.8 million ($25.1 million from net investment gains, 0.5 million from royalties, $0.3 million from interest, advisory and other income). For the nine months ending October 31, 2010, Aberdeen report net earnings of $12.1 million or $0.15 per share from total revenue of $21.9 million ($19.4 million from net investment gains, $1.5 million from royalties, $1.0 million from interest, advisory and other income).

Aberdeen received royalty revenue of $503,585 from 38,014 ounces of gold sold at Simmer & Jack's Buffelsfontein Mine and First Uranium's Mine Waste Solutions Tailings Recovery Operations during the quarter ending October 31, 2010, compared to $439,715 in the previous quarter.

Normal Course Issuer Bid

During the quarter ending October 31, 2010, 836,500 shares were purchased for cancellation at an average cost of $0.41. As of the time that Aberdeen's Q3 financial statements were prepared, 6,698,500 shares remain eligible for purchase and cancellation under Aberdeen's Normal Course Issuer Bid ("NCIB"). Aberdeen's current NCIB expires on February 4, 2011. Aberdeen expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available.

Management Changes

In addition the Company is pleased to announce that Ryan Ptolemy has been appointed as the Corporate Secretary of Aberdeen effective December 13, 2010. Mr. Ptolemy replaces Mr. G. Scott Moore who resigned from his position as Corporate Secretary of the Company. The Company would like to thank Mr. Moore for his efforts and wish him the best on future endeavours.

About Aberdeen International Inc:

Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential; (ii) are undervalued in foreign capital markets; and/or (iii) operate in jurisdictions with moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies. The Corporation's intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the appointment on Aberdeen; past success as an indicator of future success; net asset value of the Company; the potential of investee companies and the appreciation of their share price; the future intentions of the Company with regard to its shareholdings; the Company's plan of business operations; and anticipated returns. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.